Community Trust ScoreVerified
Bitcoin is the bet that there is only one kind of valuable token. Altcoins are the bet that there are many kinds of valuable tokens. NFTs are the bet that each and every token can be uniquely valuable.
Community response: IMO Bitcoin is the bet that the only token with a fixed and predictable monetary policy will ultimately be the most valuable one.
Yes, it’s called a Schelling Point and it’s a big emergence when it comes to money. That’s why gold and dollars are accepted almost everywhere. Bitcoin is made of 2.1 quadrillion NFTs, what do you want more?
Come on, Bitcoin going up only helps the people who got in early, no use trying to hide it. Nobody my age is interested in buying bitcoin, they aren’t interested in a “2X”. They want the next bitcoin.
USD is the bet that ultimately no token issued by a private party while not being backed by an economic resource can be valuable.
What about Ether? — Every transaction that settles on the Ethereum blockchain (a scarce economic resource) must burn Ether. It’s the crypto-economic equivalent of the petrodollar.
Bitcoin has value. Most of the folks think like this. And make Bitcoin more valuable. A crypto currency upholds value directly through the investment it gets. It’s complex.
Bitcoin has no value. A proportion of the world’s 7.8b so small that it’s a rounding error think otherwise. Its inability to scale will prove them wrong. A crypto currency with more Utility upholds value better directly through the investment it later gets. It’s complex.
It’s consensus All currencies are consensus currencies Technology benefits don’t logically drive adoption, sentiment does, so the changing cultural acceptance of Crypto will drive each tokens value Its complex Jim, but not as you know it.
That’s your consensus – you’ll need more people to agree.
Altcoins are a sandbox to experiment and test ideas before they are redeveloped as layers on top of the Bitcoin network where they get all the benefits of the most secure and decentralized global network underneath them.
Please explain how I invest in “NFT” technology without buying lame ass jpeg community tokens.
Doge is the bet that every story about crypto is a joke or is it the bet that jokes are valuable… maybe even really valuable?
Gold is the bet that has actual value Silver is the bet that is being consumed faster than mined Uranium is the bet that will fuel most altcoin mining in the future.
I think if Alts or NFT actually become valuable, then none of the 3 would actually have value. The whole digital scarcity bet would fail. Luckily, they won’t, thanks to the incentive structure in Bitcoin’s game theory.
Better ROI than NFTs over the period of time and less risk of being perceived as unauthentic in wider internet world.
